5.911 billion dollars in traffic fees in the Suez Canal last fiscal year

4

The balance of payments data issued by the Central Bank revealed that the Suez Canal traffic fees increased during the last fiscal year 2020/2021 to $5.911 billion, compared to $5.805 billion during the same period last fiscal year.

He stated that this, in addition to the decline in transportation expenses to $1.8 billion compared to $2.05 billion, partially contributed to limiting the impact of a 4.5 percent drop in transport receipts to $7.5 billion compared to $7.9 billion, as a result of also a decrease in airline receipts as well as port services receipts affected by the Corona pandemic.

The decline in transportation revenues, along with a 50% drop in tourism revenues to record 4.9 billion dollars during the last fiscal year, and an increase in travel expenses for Egyptians residing in Egypt when they travel abroad to 3 billion dollars, reduced the service balance surplus by 42.5%, which led to a widening of Egypt’s current account deficit during the year. last financial.

The article, 5.911 billion dollars in traffic fees in the Suez Canal last fiscal year, was written in Al Borsa newspaper.